Posts Tagged LLC

Chief Counsel on What Makes Amounts Paid To “Limited Partners” of an LLC Subject To Self-Employment Taxes

payday loans no fax IRS Chief Counsel (CCA 201436049) has concluded that so-called limited partners of an investment management firm were not limited partners of the firm (a limited liability company (LLC) treated as a partnership) and were being paid compensation for services. Therefore, the amounts they received from the firm…

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Advantages & Disadvantages of Making an S Corp Election

http://cfpaldomoro.it/?m=diamond-finance-payday-loan Entrepreneurs often struggle with how to structure their business.  My clients often pose this question to me, as they should, while trying to make sense of the advantages and disadvantages of each corporate structure. Essentially, the most simplest structure is to be a Sole Proprietor.  But it is…

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